US November ISM manufacturing index beats estimates- EUR/USD hits fresh session lows

The eagerly awaited US November ISM manufacturing index has now been released. As noted here earlier today, the markets were anticipating a slightly higher reading for last month. The index has beaten estimates, at 47.5, rising to 48.4. Ahead of this release the dollar had been rising versus Europe, but still under pressure versus the Yen. So, as you can see, as noted earlier, this was all derived from hefty selling in the EUR/JPY. Hence, the EUR/USD was falling further ahead of this ISM release, after a final, higher revision to the November US manufacturing PMI data. That was revised to 49.7 from 48.8. So, the EUR/USD fell just below 1.0475 on that news. Well, it has fallen further after this beat, but the prices paid component has rather tempered the move immediately, as that came in well below forecasts (55.2), at 50.3. The USD/JPY initially lifted on the news, but it has fallen back just as fast after the prices paid element hit the screens. The EUR/USD is just now trading at 1.0462